Harboes Bryggeri ASFRA:DX4 +0.42%70 PB Ratio is 0.58 as of Jun. 26, 2026, which is 7% above its 10-year median of 0.54. GuruFocus rates FRA:DX4 with a GF Score™ of 70/100 and a GF Value™ of €16.22. The stock has 6 warning signs investors should review. Among 205 Beverages - Alcoholic companies, Harboes Bryggeri AS ranks better than 87.32% on this metric.
Harboes Bryggeri AS stock PB Ratio (=0.59) is close to 2-year low of 0.55.
The historical rank and industry rank for Harboes Bryggeri AS's PB Ratio or its related term are showing as below:
FRA:DX4'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.54 Max: 1.44
Current: 0.58
During the past 13 years, Harboes Bryggeri AS's highest PB Ratio was 1.44. The lowest was 0.30. And the median was 0.54.
FRA:DX4's PB Ratio is ranked better than 87.32% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.66
vs FRA:DX4: 0.58
During the past 12 months, Harboes Bryggeri AS's average Book Value Per Share Growth Rate was 2.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harboes Bryggeri AS was 7.40% per year. The lowest was -3.70% per year. And the median was 2.40% per year.
Back to Basics: PB Ratio
Harboes Bryggeri AS (FRA:DX4) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Harboes Bryggeri AS PB Ratio Related Terms
Harboes Bryggeri AS PB Ratio Historical Data
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The historical data trend for Harboes Bryggeri AS's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Brewers subindustry, Harboes Bryggeri AS's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Harboes Bryggeri AS PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harboes Bryggeri AS's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Harboes Bryggeri AS (FRA:DX4) has a PB Ratio of 0.58 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harboes Bryggeri AS and its competitors. This is near median its historical median of 0.54. Over the past decade, Harboes Bryggeri AS's PB Ratio has ranged from 0.30 to 1.44. According to the industry distribution chart, Harboes Bryggeri AS ranks #26 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 12.7%.
Is Harboes Bryggeri AS's PB Ratio too high?
Harboes Bryggeri AS's current PB Ratio of 0.58 is near median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.44. The Beverages - Alcoholic industry median PB Ratio is 1.66. Harboes Bryggeri AS's value of 0.58 is 65.1% below this industry median. Based on the distribution chart, Harboes Bryggeri AS ranks #26 out of 205 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Harboes Bryggeri AS has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #26 out of 205 companies for PB Ratio. This places Harboes Bryggeri AS in the top 13% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.66. Harboes Bryggeri AS's value of 0.58 is 65.1% below this benchmark. Historically, Harboes Bryggeri AS's own PB Ratio has ranged from 0.30 to 1.44 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.66, Harboes Bryggeri AS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.66, based on 205 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harboes Bryggeri AS's current PB Ratio of 0.58 is 65.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harboes Bryggeri AS and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current PB Ratio is 0.58, which is near median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Harboes Bryggeri AS (FRA:DX4) has a current PB Ratio of 0.58. The stock's GF Value™ is €16.22, compared to a current price of €14.46 — trading 10.9% below its estimated fair value. The current PB Ratio is 0.58, which is near median its 10-year median of 0.54 and 65.1% below the Beverages - Alcoholic industry median of 1.66. Harboes Bryggeri AS's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Harboes Bryggeri AS (FRA:DX4), the current PB Ratio is 0.58 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Harboes Bryggeri AS (FRA:DX4) Overvalued in 2026?
Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued.
The current stock price of €14.46 is trading 10.9% below its estimated GF Value™ of €16.22.
Key valuation signals for FRA:DX4:
PB Ratio: 0.58 (near median its 10-year median of 0.54)
GF Value™: €16.22 vs. price of €14.46 (10.9% below fair value)
Industry Position: 65.1% below the Beverages - Alcoholic median (#26 of 205)
No single metric tells the full story. See the FRA:DX4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
70GF Score
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